exit strategy

Why is an exit strategy important?

Posted on by Andy MacDonald
Exit Strategy
An exit strategy is crucial when considering a private mortgage in Ontario for several reasons: Financial Security An exit strategy helps you understand how you will repay the mortgage, whether through refinancing, selling the property, or another means. This foresight can prevent financial distress.  Market Conditions Real estate markets can fluctuate. Having a clear plan allows you to adapt to changes, such as rising interest rates or declining property values. Avoiding D...
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Is a private mortgage suitable?

Posted on by Andy MacDonald
suitable mortgage
Whether a private mortgage is a suitable solution to your needs depends on your specific circumstances. Here are some factors to consider: Credit Situation If you have poor credit or a limited credit history, private mortgages can be more accessible than traditional bank loans, as private lenders may be more flexible. Urgency If you need financing quickly, private lenders often have faster approval processes compared to banks or credit unions. Property Type If you're purchasin...
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